Gen. Abdul Fatah Khalil al-Sisi, head of Egypt's armed forces, has announced that the Egyptian constitution is suspended and that a technocratic government will be put in place until early elections are held.

For the latest news from Egypt (and everywhere else) be sure to keep an eye on Reason 24/7.

UPDATE: 3:58pmET—According to the BBC's livestream Morsi has denounced the military's announcement and has called for the constitution to be restored.

UPDATE: 4:07pm ET—The Associated Press has released footage of protesters reacting to the military's announcement. They seem pleased.

UPDATE: 4:17pm ET— NBC News has profiles on the major players involved in Egypt's crisis.

UPDATE: 4:57pm ET—Rep. Ed Royce (R-Calif.), chairman of the House Foreign Affairs Committee, has said in a statement that, "Morsi was an obstacle to the constitutional democracy most Egyptians wanted. I am hopeful that his departure will reopen the path to a better future for Egypt, and I encourage the military and all political parties to cooperate in the peaceful establishment of democratic institutions and new elections that lead to an Egypt where minority rights are protected."

UPDATE: 5:04pm ET – A State Department spokeswoman has said, "We're not taking sides in this."

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The political chaos means little compared to the economy. Much of Egypt was already malnourished due to poverty, an inefficient agricultural sector, and decades of massive government meddling. (A piece of pita-like bread cost less than a cent, due to subsidies, so people use it for animal feed.) All any government can do in the short term is look stable and non-threatening enough to get billions from Saudi Arabia and other non-fans of the Muslim Brotherhood. Their best option might be a Pinochet: a dictator who can bring them freer markets, then a transition to democracy once prosperity kicks in.

Hey, does anyone have al-Sisi’s e-mail address? I’m going to send him the U.S. Constitution and suggest he use it as a starting place. Also, he should legalize drugs and prostitution while also inviting Disney in to run the pyramids.

See, that’s why I think he should do it. I mean, talk about an opportunity! Look at what the U.S. gained being the freedom capital of the world for so long. He could do the same with Egypt. Of course, his own people would likely rebel over that, but I’m sure he could trick them into accepting it for a while. Until they were addicted.

Gen. Abdul Fatah Khalil al-Sisi, head of Egypt’s armed forces, has announced that the Egyptian constitution is suspended and that a technocratic government will be put in place until early elections are held can be rigged to install him as Egypt’s “democratic” leader.

I doubt a lot of Belgians were bending knee before this guy. But I know what you are saying. I always think it’s funny when QE2 or some monarch visits the US and everyone goes all out on the royal protocol. If I were in charge, I’d just say that we live in a republic and there is no such thing as royalty here, so the fact that you are a queen in other parts of the world is irrelevant.

Are you saying that you don’t need a king? How do you expect to quell peasant uprisings or execute poachers of the royal forests? They’re not going to draw and quarter themselves. I bet you never considered that.

So we are back to calling the overthrow of a democratically elected government by the military, stability. The same military which was driven from power by the same protesters that are pushing the present government from power.

Lets just cut our losses now and get out because the problems of Egypt are far bigger then what government is in power.

Remember, the Egyptian people elected Morsi. This isn’t “the triumph of democracy” anymore. These people don’t want (western-style)democracy. One would have thought we would have figured that out by now.

Obama: Hey Mohammed great to hear from you! Was afraid your head might be rolling in the gutter by now. You know, getting them to leave you in one piece cost me four F-16’s and twelve M-1 tanks. (Just between you and me I would have gone as high as 6 F-16’s and 15 tanks). Anyhoo, remember how we laughed last year when when I hung Mubarak out to dry? Remember how you laughed when the Brotherhood took over the Parliament? Well, we got a nice condo in Yemen lined up for your immediate use: indoor plumbing, wifi, the works. Smell ya later.

Damn US puppets once again overthrow a democratic Man of the people libertarian bastion of stability Real Top Man Rational Actor in Egypt. First Mubarak and now Morsi. I wonder Jew who could benefit from all this instability in Egypt? Egypt was such a free libertopia under Nasser. I mean he opposed Yanquis Imperialism. We need more Nassers.

If it wasn’t for Zionist-Amoronikkkan Imperialism then Egypt would be a land of puppies, unicorns and ponies rather than a ZOG puppet state.

Egypt would be a land of puppies, unicorns and ponies rather than a ZOG puppet state

According to the posters over at HuffPo, that’s already arrived. Here’s one post from there:

The Egyptian people want a Western Style socialist country. Sounds good to me, time to take care of our people instead of the select few…no wonder Occupy and this Revolution are not televised here in the US.

How the fuck are you equivocating Reason and Rockwell? They’re bitter enemies within the libertarian community. Go to LRC and you won’t find many kind words for Reason. AWL was a hyperbolic parody of Rockwell and Raimondo (though he was getting annoying)